Any thoughts?
$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ when should we cut loss here? At what price are you exiting and accepting the loss?
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modest Narwhal_1005 : dollar cost average and hold around 70% cash to buy more if nvda drops to a p/e of 20.
Forever Learning modest Narwhal_1005 : If nvidia really drop to pe 20, i think US market already crashed.
101863466 modest Narwhal_1005 : you dca now?
Nix Diamond OP : I'm ashamed to say I don't know how to DCA
modest Narwhal_1005 Forever Learning : yes, that's why the cash position if it drops
modest Narwhal_1005 101863466 : dca and also holding cash
101863466 modest Narwhal_1005 : do you worry it will drop to 0, or you still DCA in NVDL?
modest Narwhal_1005 : If you keep a 70% cash position it doesn't matter as much. I was thinking of dca on a quarterly base because of the importance of timing the market long term on the leveraged etps. If the bull market continues, you will succeed big time even with 30% invested. If nvdl disappears I will go for Spxl.